Not only are Target's sales taking a hit in the aftermath of its data breach: fewer people are going there in the first place.» Read More
Stocks eked out small gains in volatile trading Wednesday, with the Nasdaq briefly hitting a 14-year high.
*Target and Lowe's rally after results. Shares of retailers Target Corp and Lowe's Cos Inc rose, giving the S&P 500 its biggest boosts.
WASHINGTON, Feb 26- American consumers are wide open to some of the most sophisticated scam artists ever as vast troves of their personal information are collected by data brokers and sometimes sold with no questions asked, according to the Federal Trade Commission's consumer protection chief.
*Ruble hits five-year low on Ukraine fallout. NEW YORK, Feb 26- World stocks markets edged lower on Wednesday, stung by growing worries over some emerging markets grew as escalating tensions in the Ukraine sent the Russian ruble to a five-year low, while equities on Wall Street rose.
NEW YORK/ BOSTON, Feb 26- Target Corp shares made strong gains after it reassured investors that customers were beginning to return to its U.S. stores, suggesting that the impact of a massive data breach may not be as severe as some had feared.
Many traders set up to be short stocks and Treasuries this year. Retail stocks seeing short covering today.
*Ruble hits five-year low on Ukraine fallout. NEW YORK, Feb 26- World stocks markets were flat on Wednesday as worries about some emerging markets grew as the Russian ruble hit a five-year low as tensions escalated in Ukraine, while equities on Wall Street rose.
There has been a lot of pain because many traders had been set up to be short stocks and Treasurys this year. That trade has not worked out.
A cybersecurity firm said it uncovered stolen credentials from some 360 million accounts that are available for sale on cyber black markets.
*Target and Lowe's rally after results. NEW YORK, Feb 26- U.S. stocks were mostly flat on Wednesday as, for a third straight session, equities were unable to hold onto gains that took the S&P 500 near record levels.
*S&P 500 has been unable to close at a record this week. NEW YORK, Feb 26- U.S. stock index futures pointed to a slightly higher open on Wall Street Wednesday, indicating the S&P 500 would again make a run at record levels that have been serving as resistance.
Target's profit almost halved in the holiday quarter as it dealt with the fallout of a data breach and warned that it could hurt future profits.
U.S. stock index futures pushed higher on Wednesday ahead of more housing data and several quarterly fourth quarter earnings updates.
Chris Horvers, JPMorgan analyst, digs deep into the retailers fourth quarter numbers, after last year's massive data breach helped push profits down. It's going to take time for Target to rebuild confidence with the consumer, says Horvers.
NEW YORK, Feb 26- Target Corp's net profit almost halved in the holiday quarter as the third-largest U.S. retailer dealt with the fallout of a massive data breach and warned that costs related to the event could hurt future profits.
Some of the names on the move ahead of the open.
NEW YORK, Feb 26- Target Corp's net profit almost halved in the holiday quarter as the third-largest U.S. retailer dealt with the fallout of a massive data breach and warned that costs related to the event could hurt future profits. Target said it has not been able to estimate future expenses related to the data breach.
It may be time for Darden Restaurants to let shareholders take Red Lobster into their own hands.
Burt Flickinger, managing director at Strategis Resource Insight Group, comments on Target ahead of the group's result and says it should set a new record regarding litigation and liability costs due to its data breaches.
WASHINGTON, Feb 25- A U.S. House of Representatives committee with broad investigative jurisdiction has turned up the heat on Target Corp, demanding that the No. 3 U.S. retailer turn over internal documents and messages describing how and when it learned of a recent massive consumer data breach.